Weekly policy snapshot of Chinese economy

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Xinhua, Beijing :
The following are the key moves taken by policymakers in the past week to enhance China’s economic strength and sustainability:
China issued an interim regulation for the credit rating industry Friday to improve the financing environment and prevent financial risks.
The measures will help create a competitive market in the credit rating industry while strengthening the supervision of credit rating agencies.
To standardize the industry, the number of penalties for violations was increased, according to the measures issued by the People’s Bank of China, the National Development and Reform Commission, the Ministry of Finance and the China Securities Regulatory Commission.
The Communist Party of China Central Committee and the State Council on Thursday jointly issued a directive calling for high-quality trade development.
By 2022, China aims to have an optimized trade structure and a notable improvement in trade efficiency and set up an evaluation system for high-quality trade development, according to the document.
The guideline stressed the need to speed up the development of modern services, especially production-related services, while modern services should be deeply integrated with the advanced manufacturing industry.
China launched a national information monitoring and service platform for public-private partnership (PPP) projects, the country’s top economic planner said Thursday.
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